.... Overall, economists predict house price inflation of 2% this year, a forecast that may even prove to be on the high side. Breon Corcoran, chief executive of Paddy Power Betfair, is 46, which is young to choose to quit as a successful boss of a FTSE 100 company. ...
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. Paddy Power Betfair has said the lack of a major football tournament and unfavourable sports results were to blame for a slowdown in growth in the first half of the year. ...
[Read full article on Guardian]

....In April, the firm sponsored the Anthony Joshua v Wladimir Klitschko heavyweight boxing match at Wembley, which attracted more bets than any other event bar the Grand National. Hill has missed out on industry-wide consolidation which has seen Paddy Power combine with Betfair and Ladbrokes join forces with Gala Coral. ...
[Read full article on Guardian]

.... Overall, economists predict house price inflation of 2% this year, a forecast that may even prove to be on the high side. Breon Corcoran, chief executive of Paddy Power Betfair, is 46, which is young to choose to quit as a successful boss of a FTSE 100 company. ...

....In April, the firm sponsored the Anthony Joshua v Wladimir Klitschko heavyweight boxing match at Wembley, which attracted more bets than any other event bar the Grand National. Hill has missed out on industry-wide consolidation which has seen Paddy Power combine with Betfair and Ladbrokes join forces with Gala Coral. ...

....Several other bookmakers have been hit with financial penalties in the past year. Paddy Power agreed to pay £280,000 to charity last year after the regulator found it had encouraged a problem gambler to keep betting until he lost five jobs, his home and access to his children. ...

....Betting firms, which are facing the prospect of a ban on daytime TV adverts , spent a total of £50m promoting their online betting services. The main spenders included Bet365, which has used the actor Ray Winstone to front its campaigns, and Paddy Power which spent a combined total of just over £11m. ...

....”. Moneysupermarket’s 2016 winner pales in the offensiveness stakes compared with Paddy Power’s 2014 winner, which offered money back if Oscar Pistorious “walked” from his murder trial, and which is the most complained-about ad of all time with 5,525. ...

....She said that the regulator would not allow companies to spend months negotiating settlement deals, where they agreed to a voluntary payment when they misbehaved. Last year, the commission arranged voluntary settlements with bookmakers such as Paddy Power, which agreed to pay £280,000 after it was found to have encouraged a problem gambler until he lost five jobs, his home and access to his children. ...

....The behaviour of gambling firms has come under increasing scrutiny following a year in which industry regulator – the Gambling commission – sanctioned several firms over their failure to prevent problem gambling and money-laundering. Last year, the commission arranged voluntary settlements with bookmakers such as Paddy Power, which agreed to pay £280,000 after it was found to have encouraged a problem gambler until he lost five jobs, his home and access to his children. ...

....Bosses at a string of companies faced revolts. Besides BP and Smith & Nephew, companies as diverse as engineering group Weir, Shire Pharmaceuticals, estate agent Foxtons and betting company Paddy Power Betfair were also subjected to pay rebellions. ...

....The all-party parliamentary group (APPG) on FOBTs, which are often dubbed the “crack cocaine” of gambling due to their addictive nature, is recommending a number of curbs on the machines. The findings come just days after it emerged that the boss of Paddy Power had lobbied against the explosion in the number of FOBTs. ...

....They say the bookie always wins, but not on Tuesday night. Three weeks ago, bookmaker Paddy Power paid out £800,000 in winnings to punters who had backed Hillary Clinton to be the next US president, only now to be left with a bill for £4m to pay clients who had backed Donald Trump. ...

....The outlook is uncertain, especially for AT&T’s plan to buy Time Warner, which Trump has said he would block. Once again pollsters called it wrong (see Brexit etc) while gaming companies were also caught unawares, with Paddy Power paying out on a Clinton victory three weeks early. ...

....Stock markets in France and Germany also closed in negative territory after polls showed that the Republican presidential nominee Donald Trump appeared to be closing the gap with Democrat Hillary Clinton. The bookmaker Paddy Power finished as the biggest gainer in the FTSE 100, up 4. ...

....The FTSE 250 bookmaker is looking to keep up as many of its close rivals merge. Paddy Power and Betfair have merged to create a FTSE 100 betting firm, while Ladbrokes and Coral are combining to become the UK's biggest High Street bookmaker. ...

....Instead, one of the main reasons they give is that even after the success of the London 2012 Paralympics, the best athletes aren't as well known as their Olympic counterparts. "Ask people in the street and they might be able to name some, but it's a way to go to Usain Bolt levels," says Paddy Power, the eponymous spokesman for Irish bookmaker Paddy Power. ...

....The combined group would make it bigger than William Hill, currently the largest UK bookmaker based on number of shops. Irish bookmaker Paddy Power and online operator Betfair also agreed to join forces last September. ...

....But some fans and former Bond Sir Roger Moore have suggested that his race was not what the character’s creator Ian Fleming had in mind. Daniel Craig, 48, who currently plays the role, said that Mr Elba should be his successor and bookmaker Paddy Power has him as 6/1 to get the job. ...

.... Betfred received an £800,000 penalty on Tuesday. That – and an £880,000 hit to GalaCoral a few weeks ago – was a step up from the derisory £280,000 handed down to Paddy Power earlier in the year. ...

....The regulator announced an £880,000 settlement with Coral in April, after the bookmaker took hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit. Earlier this year, Paddy Power was forced to pay out £280,000 after the commission found that it had encouraged a problem gambler to keep betting until he lost five jobs, his home and access to his children. ...

....The World Cup and European Championships are the biggest events in the bookmaking calendar and Leicester City’s surprise Premier League win is expected to have boosted interest in football betting. For the listed players Paddy Power, Ladbrokes and William Hill navigating the tournament successfully can make or break their financial year. ...

....The annual meeting season began with pay deals being voted down at FTSE 100 companies Smith & Nephew and BP. Then 30% of investors voted against the remuneration report at Paddy Power Betfair, and estate agent Foxtons promised to consult further with investors after 20% of shareholders voted against the remuneration report. ...

....It is a rare British high street that has not come to be kitted out, today, in the colours of the bookmakers. In every town, on every retail row, the routine sweep of bank and salon and shrunken supermarket will be studded at almost mathematical intervals by the red of a Ladbrokes storefront or the blue and yellow of a William Hill, likely as well by the blue of a Coral, the blue and red of a Betfred, the pale green of a Stan James or the clover-leaf shade of a Paddy Power. ...

....The settlement is part of a continuing effort by the commission to crack down on bookmakers that turn a blind eye to money laundering and problem gambling. Earlier this year, Paddy Power was forced to pay out £280,000 after the commission found that it had encouraged a problem gambler to keep betting until he lost five jobs, his home and access to his children. ...

....”. Paddy Power recently made a voluntary payment of £280,000 – equivalent to less than three hours’ worth of takings – to a “socially responsible” cause after it was found to have encouraged a problem gambler to keep betting. ...

....As for the commission, it shouldn’t spend long congratulating itself. We’re still sputtering over the Paddy Power case in which the bookie identified a gambling addict yet encouraged him to keep feeding its fixed-odds betting terminals. ...

....William Hill shares fell more than 13% to 322p in early trading as investors digested the profit warning. Shares in other bookmakers also fell, with Ladbrokes down more than 5% and Paddy Power Betfair dipping by just over 2%. ...

. Bookmaker Paddy Power took less than three hours last year to bring in enough money to cover its recent £280,000 donation to good causes after encouraging problem gambling and failure to prevent money laundering. ...

....It was a cruel – if incisive – question which Kaye later said he regretted, only to snap out of it and muse: “Anyone who thinks they can improve on Bilko and Inspector Clouseau needs a slap, don’t they?”. Anyway, in a similar vein, Tuesday marks the results of Paddy Power Betfair, the combination of the cheeky Irish bookmaker and the online betting pioneer, whose promotion to the FTSE 100 was confirmed last week. ...

....Supermarket chain Morrisons is back in the FTSE 100, following a rise in its share price, just three months after leaving the top group. Other joiners include Informa, Mediclinic International and Paddy Power Betfair. ...

.... That little detail seems to have been airbrushed already. Paddy Power encouraged a problem gambler to use its fixed-odds betting terminals (FOBTs) until he lost five jobs, his home and access to his children, according to a report this week. ...

....Source: Cognizant/Clarabridge. It's worth noting that at the time of writing, bookies William Hill and Paddy Power both thought Spotlight had the next best chance of winning behind The Revenant. ...

.... . Two of the biggest online names – Paddy Power and Betfair – agreed a merger that is set for completion within weeks, while high street giants Gala Coral and Ladbrokes are waiting for the competition watchdog to rubber-stamp their £2. ...

.... Growing tax and regulatory burdens have sparked a wave of deal-making in the sector as gambling companies seek scale to absorb the mounting pressures. Ladbrokes is merging with Coral and Paddy Power is combining with Betfair. ...

....-----------------------------------------------------------------------------------------------. THE merger between betting heavyweights Paddy Power and Betfair has been cleared by the UK regulator. ...

....---------------------------------------------------------------------------------------------------------. BETFAIR shares hit a record high as the online betting exchange stayed in good shape for its proposed merger with Paddy Power – with a 9 per cent rise in half-year profit. ...

. The betting exchange that is merging with Paddy Power to create an online gambling giant has enjoyed a near doubling in staking in sports betting during its first-half, helped by punters placing wagers on the Rugby World Cup. ...

....8% of the company. “Shareholders won’t need me to remind them of the decline in the Ladbrokes share price, nor the fact that peers William Hill, Betfair and Paddy Power are 91%, 100% and 300% respectively ahead over that same period. ...

....”. Hill has missed out on a recent wave of industry consolidation including tie-ups between Paddy Power and Betfair, Ladbrokes’ proposed merger with Coral and Sportingbet owner GVC’s takeover of Bwin. ...

....The BBC asked firms about the practice of restricting bets but most declined to comment. However, Paddy Power said it managed financial risk like all businesses and had a number of checks and restrictions in place to prevent certain bets being made. ...

....Now the bookies themselves are being forced to make a few bets. M&A fever is turning 2015 into the year of the bookmaking mega-deal, including the combination of Ladbrokes and Coral to create a behemoth with more than 4,000 shops, and the merger of upstart Paddy Power with the Betfair betting exchange, potentially creating a £6bn FTSE 100 betting giant. ...

.... . Notable exits include Bebo, the social app bought by AOL in 2008 for $850m, LoveFilm, which Amazon acquired for $250m, and Betfair, the London-listed gambling company that recently agreed a £6bn merger with Paddy Power. ...

....The two companies, who set out plans to merge last month, said they expect the combination to generate annual cost savings of £50million. Paddy Power shareholders will receive a special dividend of £58million before the deal is completed. ...

.... It entailed selling advertising space on their own faces for a year – each day, for a fee, they would paint a different brand logo on their faces and upload the picture to the BuyMyFace website, including a link to the brand’s website. Media interest in the story was huge, and they attracted advertising spend from big names such as Paddy Power and Pipers Crisps. ...